Here are just a few of the interesting executive changes making headlines over this past week:
New Stage Stop at Wells Fargo
San Francisco-based banking firm Wells Fargo has been under fire recently concerning account sales fraud. John Stumpf, chairman and CEO since 2010 and a 34-year veteran of the firm, has subsequently retired, leaving many of the traditional retirement perks representing many millions of dollars on the table. Timothy Sloan, appointed president and COO in late 2015, was named as CEO. He has been with Wells Fargo for 29 years and held additional leadership roles as CFO, chief administration officer, and head of the wholesale banking division. Prior to Wells Fargo, Sloan worked for Chicago-based Continental Illinois Bank.
Progress Software Names New Leader
Yogesh Gupta was named as the new president and CEO at Massachusetts-based software applications developer Progress Software. He is Gupta has been an advisor to multiple private equity and venture capital firms. He has held the top spots at IT management and security software developers Kaseya and FatWire, now a part of Oracle. Gupta was the CTO and held additional management positions during his 18 years at CA Technologies.
Top Franchisee New Famous Dave’s CEO
Famous Dave’s of America, a Minnesota-based barbecue restaurant owner and franchisor, named Michael Lister CEO and COO. A 35-year veteran of the restaurant industry, Lister has a 19-year history with Famous Dave’s. Owner and president of franchised restaurants in Tennessee since 2001, Mike was SVP of operations at the dining chain from 1997 to 2001. He held management positions at Brinker International prior to his association with Famous Dave’s.
Look for more Executives on the Move next week!
Jim Harris is a project editor for D&B Sales & Marketing Solutions, including Hoover’s. He has worked for D&B for over 20 years. Prior to that, he spent 20 years as a US Army Intelligence NonCom & Warrant Officer and eight years as a federal government contractor.